EIB Papers Volume 13. n°1/2008 - European Investment Bank

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152 Volume13 N°1 2008 EIB PAPERS EIB Papers 2008 Volume 13, Number 2, 2008: Infrastructure investment, growth and cohesion. The economics of regional transport investment Gianmarco Ottaviano,“Infrastructure and economic geography: An overview of theory and evidence” Achim Kemmerling & Andreas Stephan, “The politico-economic determinants and productivity effects of regional transport investment in Europe” Riccardo Crescenzi & Andrés Rodríguez-Pose, “Infrastructure endowment and investment as determinants of regional growth in the European Union” Diego Puga, “Agglomeration and cross-border infrastructure” David Brown, Marianne Fay, John Felkner, Somik Lall & Hyoung Gun Wang, “The death of distance? Economic implications of infrastructure improvement in Russia” Volume 13, Number 1, 2008: Infrastructure investment, growth and cohesion. Public investment: Composition, growth effects and fiscal constraints Juan Gonzalez Alegre, Andreas Kappeler, Atanas Kolev & Timo Välilä, “Composition of government investment in Europe: Some forensic evidence” Richard Jong-A-Pin & Jakob de Haan, “Time-varying impact of public capital on output: New evidence based on VARs for OECD countries” Armin Riess, “The economic cost of public funds in infrastructure investment” Gerd Schwartz, Ana Corbacho, Qiang Cui, Giovanni Ganelli & Paolo Manasse, “Macro-fiscal policy challenges and public investment in new EU member states” The above publications are available free of charge from: European Investment Bank Economic and Financial Studies 100, boulevard Konrad Adenauer L-2950 Luxembourg U infoefs@eib.org 3 (+352) 43 79 - 88605 5 (+352) 43 79 - 68895 www.eib.org/efs
EIB Papers 2006 – 2007 Volume 12, Number 2, 2007: An efficient, sustainable and secure supply of energy for Europe. Meeting the Challenge Shimon Awerbuch & Spencer Yang, “Efficient electricity generating portfolios for Europe: maximising energy security and climate change mitigation” Machiel Mulder, Arie ten Cate & Gijsbert Zwart , “The economics of promoting security of energy supply” Franz Hubert, “Strategic investment in international gas transport systems” Joachim Schleich, “The economics of energy efficiency: barriers to profitable investments” Dominique Finon, “Pros and cons of alternative policies aimed at promoting renewables” Atanas Kolev & Armin Riess, “Environmental and technology externalities: policy and investment implications” Volume 12, Number 1, 2007: An efficient, sustainable and secure supply of energy for Europe. Global and European policy perspectives Atanas Kolev & Armin Riess, “Energy – revival of a burning matter” Dieter Helm, “European energy policy: meeting the security of supply and climate change challenges” Coby van der Linde, “The art of managing energy security risks” Mark Jaccard, “Fossil fuels and clean, plentiful energy in the 21st century: the example of coal” Juan Alario, “EU policy objectives and energy investment decisions” Bassam Fattouh, “The drivers of oil prices: the usefulness and limitations of non-structural models, supply-demand frameworks, and informal approaches” Volume 11, Number 2, 2006: An industrial policy for Europe? From concepts to action Timo Välilä, “No policy is an island – on the interaction between industrial and other policies” Andreas Strohm, “Competition policy at war with industrial policy?” Otto Toivanen, “Innovation and research policies: two case studies of R&D subsidies” Jordi Gual & Sandra Jódar, “Vertical industrial policy in the EU: an empirical analysis of the effectiveness of state aid” Ha-Joon Chang, “Industrial policy in East Asia – lessons for Europe” Christopher Allen, Didier Herbert & Gert-Jan Koopman, “The European Commission’s new industrial policy” Volume 11, Number 1, 2006: An industrial policy for Europe? Context and concepts Armin Riess & Timo Välilä, “Industrial policy: a tale of innovators, champions, and B52s” James Foreman-Peck, “Industrial policy in Europe in the 20th century” Olivier Debande, “De-industrialisation” Elie Cohen, “Theoretical foundations of industrial policy” Charles Edquist & Cristina Chaminade, “Industrial policy from a systems-of-innovation perspective” Richard Baldwin & Philippe Martin, “Coordination of industrial policy in the European Union” The above publications are available free of charge from: European Investment Bank Economic and Financial Studies 100, boulevard Konrad Adenauer L-2950 Luxembourg U infoefs@eib.org 3 (+352) 43 79 - 88605 5 (+352) 43 79 - 68895 www.eib.org/efs EIB PAPERS Volume13 N°1 2008 153
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EIB Papers • Volume 13 • No1
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Volume 13 • No1 • 2008 EIB Pape
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Preface This year the European Inve
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Infrastructure investment, growth a
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Government investment is not the sa
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Different types of government inves
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Infrastructure accounts for one-thi
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A common feature for the new member
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The share of transport in governmen
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The proxies are subject to caveats.
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The shares of infrastructure and ho
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There have been marked differences
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Government transport investment has
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Transport and other infrastructure
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References 54 Volume13 N°1 2008 EI
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In some countries a shock to public
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The analysis accounts for long-run
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Table 1. Some VAR studies (publishe
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The ratio of private capital to GDP
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Denmark 68 Volume13 N°1 2008 EIB P
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There is no systematic pattern for
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High variability of the public-capi
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Has the impact of public capital on
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Productivity of public capital incr
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The impact of public capital on out
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References 80 Volume13 N°1 2008 EI
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The economic cost of public funds c
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Most taxes are distortionary in tha
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The excess burden of taxation is du
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While distorting taxes lead to a we
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The modified approach suggests that
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As the economic cost of public fund
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